[Solved] If the APR is 8% and compounding is weekl

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If the APR is 8% and compounding is weekly, what is (a) the periodic rate and (b) the EAR? Can you explain step by step,

If the APR is 8% and compounding is weekly, what is (a) the periodic rate and (b) the EAR? Can you explain step by step, how to understand the question?

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